HI HB1120

Adds five new definitions to Hawaii's procurement code: "service-connected disability," "service-disabled veteran," "service-disabled veteran-owned small business," "veteran," and "veteran-owned small business."

Defines a service-disabled veteran as someone with a disability incurred during active military service as determined by the U.S. Department of Veterans Affairs or Department of Defense.

Defines veteran-owned and service-disabled veteran-owned small businesses as entities with at least 51% ownership by veterans/service-disabled veterans living in Hawaii, a home office in Hawaii, and annual verification by the chief procurement officer.

Requires that of the 20% of state annual purchasing expenditure set aside for small businesses, at least 25% goes to veteran-owned small businesses and at least 40% goes to service-disabled veteran-owned small businesses.

Allows veteran-owned and service-disabled veteran-owned small businesses to qualify for multiple preferences and set-asides simultaneously under the procurement code; effective July 1, 2015.